Voya Infrastructure, Industrials and Materials Fund | Voya Investment Management

Voya Infrastructure, Industrials and Materials Fund

Class A: IDE
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Voya Infrastructure, Industrials and Materials Fund

This Closed-End Fund seeks total return through a combination of current income, capital gains and capital appreciation.

Daily Prices

as of September 22, 2023

Net Asset Value (NAV)$11.21
Closing Price$9.57
Price Change-0.01

Product Facts

Ticker SymbolIDE
Inception DateJanuary 26, 2010
Dividends PaidQuarterly

About this Product

  • Invests primarily in companies in the infrastructure, industrials and materials sectors that will potentially benefit from the building, renovation, expansion and utilization of infrastructure
  • Seeks to build a diversified portfolio of equity securities of companies that may potentially benefit from spending in six areas: power, construction, materials, communications, transportation and water
  • Sells call options on exchange traded funds (“ETFs”). The underlying value of such calls will generally represent 15% to 50% of the total underlying value of the portfolio.

Investment Objective

The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation.

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Contact your Voya Representative to gain access to program materials.


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Average Annual Total Returns %

As of August 31, 2023

As of June 30, 2023

Most Recent Month EndMost Recent Quarter EndMost Recent Month EndMost Recent Quarter End
Most Recent Month EndYTD1 YR3 YR5 YR10 YRExpense Ratios
Net Asset Value+9.59+13.91+9.42+4.06+5.491.25%1.22%
Market Price+13.86+10.38+10.64+1.20+5.00
Net Asset Value+9.34+16.08+11.86+4.40+5.831.25%1.22%
Market Price+10.15+11.06+12.27+0.60+4.09

Inception Date - Class A:January 26, 2010

The performance quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that your shares, when redeemed, may be worth more or less than their original cost. See above "Average Annual Total Returns %" for performance information current to the most recent month-end.


Portfolio Statistics

As of August 31, 2023

Net Assets millions
Net Assets:

The per-share dollar amount of the fund, calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.

Number of Holdings
Number of Holdings:

Number of Holdings in the investment.

Outstanding Shares15,238,248

Top Holdings

% of Total Investments as of August 31, 2023

Cisco Systems, Inc.2.34
Siemens AG1.49
iShares MSCI ACWI ETF1.46
BHP Group Ltd.1.31
Linde PLC1.24
Parker Hannifin Corp.1.18
Emerson Electric Co.1.09
Cie de Saint-Gobain SA0.97
Fortive Corp.0.95
Caterpillar, Inc.0.92

Portfolio Composition

as of August 31, 2023

Short Terms0.41

Sector Weightings

% of Total Investments as of August 31, 2023

Electric Utilities6.77
Industrial Machinery & Supplies & Components6.22
Industrial Conglomerates5.63
Specialty Chemicals5.05
Electrical Components & Equipment4.88
Building Products4.48
Integrated Telecommunication Services4.44
Aerospace & Defense3.91
Communications Equipment3.79
Trading Companies & Distributors3.54

Top Country Weightings

% of Total Investments as of August 31, 2023

United States46.65
United Kingdom2.05

Information provided is not a recommendation to buy or sell any security. Portfolio data is subject to daily change.


Payment Frequency: Quarterly


Date on which a stock begins trading without the benefit of the dividend. Typically, a stock’s price moves up by the dollar amount of the dividend as the ex-dividend date approaches, then falls by the amount of the dividend after that date.

Payable Date
Payable Date:

Date on which a declared stock dividend or a bond interest payment is scheduled to be paid.

Record Date
Record Date:

Date on which a shareholder must officially own shares in order to be entitled to a dividend. After the date of record, the stock is said to be ex-dividend.

Quarterly DistributionsSection 19 Notice*
Totals: $0.6870

Investment Team

View Fund Adviser/Sub Adviser

Portfolio Management Team

Voya Investments, LLC

Investment Adviser

Voya Investments, an Arizona limited liability company, serves as the investment adviser to the Fund. Voya Investments has overall responsibility for the management of the Fund. Voya Investments oversees all investment advisory and portfolio management services and assists in managing and supervising all aspects of the general day-to-day business activities and operations of the Fund, including custodial, transfer agency, dividend disbursing, accounting, auditing, compliance and related services. Voya Investments is registered with the SEC as an investment adviser. Voya Investments' principal office is located at 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, Arizona 85258.

Voya Investment Management Co. LLC

Investment Sub-Adviser

Voya Investment Management Co. LLC (“Voya IM” or “Sub-Adviser”), a Delaware limited liability company, was founded in 1972 and is registered with the SEC as an investment adviser. Voya IM is an indirect, wholly-owned subsidiary of Voya Financial, Inc. and is an affiliate of the Adviser. Voya IM has acted as adviser or sub-adviser to mutual funds since 1994 and has managed institutional accounts since 1972. The principal office of Voya IM is located at 230 Park Avenue, New York, New York 10169.
Vincent Costa

Vincent Costa, CFA

Chief Investment Officer, Equities

Years of Experience: 38

Years with Voya: 17

Vincent Costa is chief investment officer, equities at Voya Investment Management and also serves as a portfolio manager for the active quantitative and fundamental large cap value strategies. Previously at Voya, he was head of the global quantitative equity team. Prior to joining Voya, he managed quantitative equity investments at both Merrill Lynch Investment Management and Bankers Trust Company. Vinnie earned an MBA in finance from New York University's Stern School of Business and a BS in quantitative business analysis from Pennsylvania State University. He is a CFA® Charterholder.
Peg DiOrio

Peg DiOrio, CFA

Managing Director, Co-head of Quantitative Equity

Years of Experience: 30

Years with Voya: 11

Peg DiOrio is a managing director, co-head of quantitative equities and portfolio manager at Voya Investment Management. Previously at Voya, she was head of portfolio implementation and trading and prior to that, she was head of quantitative equity portfolio management. Prior to joining Voya, she was a quantitative analyst with Alliance Bernstein/ Sanford C. Bernstein responsible for multivariate and time series analysis for low volatility strategies, global equities, REITs and options. Prior to that, she was a senior investment planning analyst with Sanford C. Bernstein. Peg formerly served as president of the Society of Quantitative Analysts and continues to serve on the board of directors. She is on the external advisory board for the applied math and statistics department of Stony Brook University. Peg earned a MS in applied mathematics, statistics and operations research from the Courant Institute of Mathematical Sciences, New York University and a BS from SUNY Stony Brook. She is a CFA® Charterholder.
Justin Montminy

Justin Montminy, CFA

Portfolio Manager, Quantitative Analyst

Years of Experience: 13

Years with Voya: 9

Justin Montminy is a portfolio manager for the closed end equity funds and a quantitative analyst on the global quantitative equity team at Voya Investment Management. Prior to joining Voya, he was a treasury associate with Citadel LLC, focusing on repo financing and cash management. Justin earned an MBA in finance from New York University Stern School of Business and a BS in finance from the University of Illinois at Urbana-Champaign. He is a CFA® Charterholder.
Steven Wetter

Steven Wetter

Portfolio Manager

Years of Experience: 35

Years with Voya: 11

Steven Wetter is a portfolio manager on the global quantitative equity team at Voya Investment Management responsible for the index, research enhanced index and smart beta strategies. Prior to joining Voya, Steve was co-head of international indexing at BNY Mellon responsible for managing ETFs, index funds and quantitative portfolios. Prior to that, he held similar positions at Northern Trust and Bankers Trust. Steve earned an MBA in finance from New York University's Stern School of Business and a BA from the University of California at Berkeley.
Paul Zemsky

Paul Zemsky, CFA

Chief Investment Officer, Multi-Asset Strategies and Solutions

Years of Experience: 39

Years with Voya: 18

Paul Zemsky is the chief investment officer and founder of the Multi-Asset Strategies and Solutions Team (MASS) at Voya Investment Management. He is responsible for the firm’s suite of value-added, customized and off-the-shelf products and solutions that are supported by the team’s asset allocation, manager research, quantitative research, portfolio implementation and multi-manager capabilities. Paul also oversees two independent platforms that joined the firm as part of Voya’s acquisition of Allianz Global Investors U.S., the Income and Growth platform based in San Diego and the Equity platform based in San Francisco. Prior to joining Voya, he co-founded CaliberOne Private Funds Management, a macro hedge fund. Paul began his career at JPMorgan Investment Management, where he held a number of key positions, including head of investments for over $300 Billion of fixed income assets. Paul is a member of the firm’s Management Committee and a board member of Pomona Capital. He holds a dual degree in finance and electrical engineering from the Management and Technology Program at the University of Pennsylvania and is a CFA® Charterholder.

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Principal Risks

All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Price volatility, liquidity, and other risks that accompany an investment in equity securities of domestic and foreign companies, and small and mid sized capitalized companies. International investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks of foreign investing are generally intensified for investments in emerging markets.

Options Risk

Under normal market conditions, the Fund seeks to manage risk by employing an integrated options collar strategy. The Fund’s collar strategy includes: employing put spreads by purchasing and selling put options and writing call options on energy and materials indices (“Resource Indices”) and/or ETFs, correlated with the Fund’s portfolio, or securities held in the Fund’s. The Fund will realize a gain or loss upon the expiration or closing of the option contract. When an option is exercised, the proceeds on sales of the underlying security for a written call option or purchased put option or the purchase cost of the security for a written put option or a purchased call option is adjusted by the amount of premium received or paid. The risk in writing a call option is that the Fund gives up the opportunity for profit if the market price of the security increases and the option is exercised. The risk in buying an option is that the Fund pays a premium whether or not the option is exercised. Risks may also arise from an illiquid secondary market or from the inability of counterparties to meet the terms of the contract. A decision as to whether, when and how to buy or sell options under the Fund’s strategy involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful to some degree because of market behavior or unexpected events. When a option purchased or sold by the Fund is exercised or closed out, the Fund may be required to sell portfolio securities or to deliver portfolio securities to the option purchaser to satisfy its obligations when it would not otherwise choose to do so, or the Fund may choose to sell portfolio securities to realize gains to offset the losses realized upon option exercise. Such sales or delivery would involve transaction costs borne by the Fund and may also result in realization of taxable capital gains, including short-term capital gains taxed at ordinary income tax rates, and may adversely impact the Fund’s after-tax returns.

This Fund has additional risks which you should consider, such as: Infrastructure-Related Investment Risk, Industrials Sector Risk, Materials Sector Risk, Foreign Investment and Emerging Markets Risk, Equity Risk, Small-Cap and Mid-Cap Companies Risk, Investment and Market Risk, Derivatives Risk, Interest Rate Risk, Illiquid Securities Risk, Distribution Risk, Tax Risk, Foreign (non-U.S.) Currency Risk, Portfolio Turnover Risk, Management Risk, Initial Public Offering Risk, Depositary Receipts Risk, Securities Lending Risk, Market Disruption and Geopolitical Risk, Current Capital Markets Environment Risk, Anti-Takeover Provisions, No Temporary Defensive Positions Risk, Sub-Custody Risk, Short Sales Risk, Preferred Stock Risk, Convertible Securities Risk, High-Yield Lower-Grade Debt Securities Risk and Leverage Risk. These and other risks are described more fully in the Fund’s prospectus and the most current annual or semiannual report. The prospectus should be read carefully before investing. Consider the Fund’s investment objective, risk, and charges and expenses carefully before investing.